Early morning call

Michael Page International announces an H1 gross profit of £273.9m and Q2 gross profit of £138m down 6.6% and sees a challenging Q3 ahead

JJB Sports warns that it now sees sales materially short of expectations after 22 week LFL sales fell 8%

Bovis Homes states that trading has been in line and details that it has sold 944 homes from 801 last year, at an average price up 1%

Betfair responds to the news from Cyprus on Friday that it was to introduce additional regulation for online poker, stating that the legislation contains serious flaws

RM announces an H1 adjusted pre-tax profit of £3.9m with revenues of £122m up 3.7%, but does see revenues declining ‘for some period’

Carclo details today that it is to raise up to £13.3m in a placing

UK Market News

Paul Tucker is expected to testify ahead of the Treasury Select Committee today, with the focus on a phone call held in 2008 with Bob Diamond, as The Telegraph suggests he was aware of the industry practices of manipulating Libor rates a year before he allegedly gave tacit approval to Barclays to lower its bids

The FT suggests that Xstrata may release this week a ‘supplementary scheme circular’, after increased questions in recent weeks on the move from Glencore, and on reports that it may delay the vote on the deal until September

Virgin Media has sent a letter to UK Business Secretary stating that it remains ‘deeply concerned’ with BSykB’s market dominance and that it was restricting competition

The Times suggests that Lloyds could lose 30% on the expected value on sales of toxic loans and struggling companies, getting around £700m, under initial expectations of around £1bn

While the paper suggests that Barclays may list its BarCap investment bank unit on the NYSE

There will be a lot happening at the Master Investor Show on 25 March, and everyone has their own…

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